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Dec 31, 2020
Enanta Pharmaceuticals Q1 2021 Earnings Report
Reported financial results for the first quarter of fiscal year 2021.
Key Takeaways
Enanta Pharmaceuticals reported a decrease in total revenue due to lower HCV product sales by AbbVie, resulting in a net loss for the quarter, while advancing its pipeline programs in HBV and RSV.
Royalty revenue for the quarter was $31.7 million.
Cash and marketable securities totaled $404.7 million at the end of the quarter.
Initiated RSVTx, a Phase 2b study of EDP-938 in adult hematopoietic cell transplant recipients with acute Respiratory Syncytial Virus (RSV) infection.
Broadened Hepatitis B Virus (HBV) Program with EDP-721, a New Oral HBV RNA Destabilizer, as a Potential Component of a Functional HBV Cure Regimen; Plan to Initiate Phase 1 Study Mid-2021.
Revenue by Segment
Forward Guidance
Enanta expects to progress through numerous milestones across its entire pipeline in the upcoming year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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